4 Matching Annotations
  1. Aug 2019
    1. When the resort refinanced its debt in 2017 in a $469 million deal, bankers picked DBRS as one of two firms to rate the debt. DBRS had just loosened its standards for such “single-asset” commercial-mortgage deals. DBRS issued grades as much as three rungs higher on comparable slices rated by Morningstar in 2014.
    2. Investor reliance on credit ratings has gone from “high to higher,” says Swedish economist Bo Becker, who co-wrote a study finding that in the $4.4 trillion U.S. bond-mutual-fund industry, 94% of rules governing investments made direct or indirect references to ratings in 2017, versus 90% in 2010.
  2. Feb 2018
    1. An episode in the third season of the TV show “Black Mirror” portrays a world in which people spend nearly all their time using their phones to rate virtually everyone else on a five-star scale.

      Black Mirror made me think about rating systems. Similar to the book The Circle and user surveys.

  3. Sep 2015